June 2017 Liquor Liability Policies

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June 2017 Liquor Liability Policies

Take a look at some of the policies we wrote in June of 2017 at Hospitality Insurance Group including the type of coverage included, insurance discounts applied and a glimpse at the total insurance premium.

Restaurant & Marina in Fall River
Mono-line Liquor
Limits: 1000/1000/2000
Total Sales: $7,178,410
Liquor Ratio: 32%
Alcohol Awareness & MRA Discount
Premium $24,133

New Venture Restaurant in Brighton, MA
GL, Property and Liquor
Limits: 1000/1000/2000 LIQ; 1000/2000 GL, Property TIV (w/enhancement) $2,150,000
Total Sales: $1,000,0000
Liquor Ratio: 30%
Alcohol Awareness & MRA
Premium: $15,511

4th Restaurant Location in State College, PA.
Coverage Needed: Package and LL
Limits: CP: $2.3M in BPP; $300K in BPP
GL:$1M/$2M
LL:$1M/$1M/$2M
Total Sales: $3.5M
Endorsements: with GL A&B Coverage and 3 Additional Insureds
Discounts Applied: PA Taverns Association Discount
Total Premium: $24,388

Bar in North Carolina
Coverage Needed: Liquor Liability
Limits: 1M/1M/2M
Total Sales: $400,000
Liquor to Food Sales Ratio: 75%
Endorsements: CGL A & B and Property Damage
Discounts Applied: Alcohol Awareness Membership Credit (North Carolina Restaurant Lodging Association)
Total Premium: $4,370

Restaurant, Salem, MA
Coverage Needed: GL and LL
Limits: GL: 1M/2M and LL: 1M/2M
Total Sales: $1,000,000
Liquor to Food Sales Ratio: 50%
Endorsements: GL A&B on Liquor
Discounts Applied: Liquor: Elite, MRA, TIPS
Total Premium: $ $7,427 LL and $3,923 GL – $11,350 for both

Restaurant, Boston, MA
Coverage Needed: GL and LL
Limits: GL: 1M/2M and LL: 1M/2M
Total Sales: $2,800,000
Liquor to Food Sales Ratio: 29%
Endorsements: GL: Hired and Non-Owned Auto; LL: GL A&B and Property Damage
Discounts Applied: Liquor: TIPS and MRA
Total Premium: $ $7,712 LL and $8,494 GL – $16,206 for both

Restaurant, Avon, CT
Coverage Needed: LL
Liquor Limits: 1M/1M/2M
Total Sales $1,200,000
Liquor /Food Ratio: 25%
Endorsements: Optional GL A&B, Property Damage
Discounts Applied: Alcohol Awareness Training
Total Premium for Liquor: $3390

Restaurant, Narragansett, RI
Coverage Needed: Liquor
Liquor Limits:1M/1M/2M
Total Sales $600,000
Liquor /Food Ratio: 53%
Endorsements: Optional GL A&B
Discounts Applied: Loss Free Credit, Alcohol Awareness Credit
Total Premium for Liquor: $5341

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